COAL POWER

April 27, 2022

China led global coal power expansion in 2021, with about 25,000 MW of new plants, followed by India with about 6,100 MW, reported the Global Energy Monitor which conducts an annual survey of coal power capacity under development or deployment.

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Worldwide, however, coal-plant capacity under development declined 13% last year.
After rising in 2020 for the first time since 2015, total coal power capacity under development slid last year to a record low of 457 gigawatts (GW), from 525 gigawatts.
China, South Korea, and Japan have pledged to stop funding new coal plants in other countries, but China continued to lead globally in domestic development of new coal plants, commissioning more coal capacity than the rest of the world combined.

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Earlier this month the Intergovernmental Panel on Climate Change said there was no carbon budget left for new coal plants, and added that coal use needed to fall by 75% by 2030 (from 2019 levels) to limit global temperature rise below 1.5 degrees Celsius, in line with the Paris Agreement.

Source : The Hindu